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Trafigura, Entreprise Générale du Cobalt (EGC), and EVelution Energy have signed a memorandum of understanding (MOU) to create a direct cobalt supply chain between the Democratic Republic of Congo (DRC) and the US. The post Trafigura, EGC, EVelution to form DRC-US cobalt supply chain appeared first

Silver price (XAG/USD) trades calmly near $87 during the European trading session on Thursday. The white metal turns sideways after failing to extend its almost two-month-long advance above $90.00 on Wednesday.

Perenti’s underground mining division Barminco has secured a four-year contract from Bellevue Gold valued at A$850m ($616m) for its project in Western Australia (WA). The post Barminco wins $616m contract for Bellevue Gold Project in WA appeared first on Mining Technology.

Deutsche Bank analysts highlight an upbeat sentiment in Asian markets, with the KOSPI and Nikkei advancing alongside Nasdaq futures following strong tech-led gains in the US.

ING's commodities strategists Warren Patterson and Ewa Manthey highlights that Copper is trading above $14,000/t and close to record highs as supply-side risks dominate. They stress tight refined markets, low inventories outside the US, and heightened sensitivity to demand.

West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $96.70 during the early European trading hours on Thursday.

Michael Wan at MUFG reports that the Japanese Yen (JPY) has borne the brunt of renewed US Dollar (USD) strength following hotter United States (US) inflation data. USD/JPY climbed toward prior highs as markets priced in additional Federal Reserve (Fed) tightening.

Commerzbank strategists note that India has more than doubled tariffs on Gold and Silver to 15% to curb Dollar demand and support INR.

The Swiss Franc (CHF) trades flat against its major currency peers, wobbling around 0.7820 against the US Dollar (USD) during the European trading session on Thursday.

The European Central Bank Governing Council member Martins Kazaks said in an interview with the public broadcaster LTV on Thursday, the central bank could opt for an interest rate hike if rising oil prices deanchored inflation expectations.

The EUR/JPY cross posts modest gains around 184.90 during the early European session on Thursday. The Euro (EUR) strengthens against the Japanese Yen (JPY) amid hawkish signals by European Central Bank (ECB) officials.

The US Dollar Index (DXY), which tracks the Greenback’s value against six major currencies, holds onto gains near 98.50 during the Asian trade on Thursday.

The Japanese government is mulling to infuse extra budget for the Financial Year (FY) 2026 to counter the pressures of higher oil prices, in an attempt to ease households’ burden.